The housing market in Austin offered a mixed bag, according to research issued from the Federal Reserve Bank of Dallas. Austin home sales, though slipping slightly in January 2018, were still strong at 6.1% growth year over year. However, the ability of people to afford those homes remained flat in Q4 2017, with the share of homes sold that a median-income family could afford standing at 57.6%.

Certainly, Austin employment, wages and salaries have been trending upward, with Q4 2017 broad-based job growth at 4.2%. High-tech employment, especially, was strong. But, as wages have increased, so have housing prices. Only 14.4% of houses sold in 2017 were priced below $200,000. This is compared to 41.6% homes priced below $200,000 that were sold in the entire state of Texas, during the same period.

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